Last month South Sudan devalued its currency in response to the slump in global oil prices. That in turn led to rapid inflation, which is now threatening to cripple the economy.
The CFA franc is facing growing opposition in parts of West and central Africa. Critics say the common currency has hampered the region's economic growth while France profits.
Three South Sudanese officials have been slapped with economic sanctions by the United States over profiting from the country’s civil war. Meanwhile, South Sudan released its new budget with a heavy military bias.
Russia's central bank has cut its key interest rate again as inflation hits a record low. The nation is struggling to pick up speed after a drawn-out recession, with a lack of structural reforms making recovery volatile.
After steady progress in fighting hunger, the United Nations announced an increase in the number of chronically hungry people for the first time in over 10 years. Some 11 percent of the world's population is affected.
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